Capital Research Global Investors Buys 2,266,415 Shares of The TJX Companies, Inc. (NYSE:TJX)

Capital Research Global Investors boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 689.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,595,085 shares of the apparel and home fashions retailer's stock after purchasing an additional 2,266,415 shares during the quarter. Capital Research Global Investors owned about 0.23% of TJX Companies worth $313,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Howard Capital Management Group LLC boosted its stake in TJX Companies by 42.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer's stock worth $27,208,000 after acquiring an additional 69,489 shares during the last quarter. Morse Asset Management Inc boosted its position in shares of TJX Companies by 10.6% during the third quarter. Morse Asset Management Inc now owns 3,015 shares of the apparel and home fashions retailer's stock worth $354,000 after purchasing an additional 290 shares in the last quarter. Wealthquest Corp acquired a new position in shares of TJX Companies in the 3rd quarter valued at $238,000. World Investment Advisors LLC increased its position in shares of TJX Companies by 691.6% in the 3rd quarter. World Investment Advisors LLC now owns 71,837 shares of the apparel and home fashions retailer's stock valued at $8,444,000 after buying an additional 62,762 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in TJX Companies by 28.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 238,649 shares of the apparel and home fashions retailer's stock worth $28,051,000 after buying an additional 53,264 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

NYSE:TJX traded up $1.17 during mid-day trading on Thursday, reaching $126.67. 1,549,339 shares of the company's stock were exchanged, compared to its average volume of 5,419,167. The TJX Companies, Inc. has a one year low of $93.39 and a one year high of $131.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The business's fifty day simple moving average is $121.85 and its two-hundred day simple moving average is $121.21. The firm has a market capitalization of $141.50 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.34%. This is an increase from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies's dividend payout ratio is presently 39.91%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company raised their price target on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Wednesday. BMO Capital Markets upped their target price on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, UBS Group lifted their price target on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $135.76.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.